Your Localized Market Report

Apache Junction, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com


Apache Junction, AZ

Sun Oct 06 2024
This week the median list price for Apache Junction, AZ is $493,316 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has increased to 166. Click here to stay informed with the Apache Junction market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Apache Junction, AZ

Sun Oct 06 2024
This week the median list price for Apache Junction, AZ is $493,316 with the market action index hovering around 36. This is less than last month's market action index of 39. Inventory has increased to 166. Click here to stay informed with the Apache Junction market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Apache Junction market.
Median List Price $493,316
Median Price of New Listings $389,950
Per Square Foot $263
Average Days on Market 61
Median Days on Market 42
Price Decreased 42%
Price Increased 14%
Relisted 6%
Inventory 166
Median Rent
Market Action 36
Slight Seller's Advantage

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$899,900 2,636 1 - 2.5 acres 4 3 2 2 1 70
$593,990 2,294 8,000 - 10,000 sqft 4 2 0 2 3 35
$441,495 1,806 4,500 - 6,500 sqft 3 2 0 1 4 28
$360,000 1,298 4,500 - 6,500 sqft 3 2 27 9 4 42